The supplier ETF Rex Pares is about to launch the very first fund negotiated by Solana Stake Exchange (ETF), following what analysts describe as a successful response to the comments of the American Securities and Exchange commission (SEC).
“Rex also deposited a updated prospectus, which has completely filled. Add everything, and it seems that all the systems opt for an imminent launch,” Eric Balchunas said on Friday in a post.
Dry “comfortable” with the unique ETF structure
The president of the store ETF, Nate Geraci, said in a post X on the same day that it seems that the SEC is open to incredibly rare rex actions, the C-Corp commercial structure used in the fund, whose dry has previously argued in conflict with the 6C-11 rule, known as the “ETF rule”.
“It looks like they are comfortable pushing forward with their creative structure of the act ’40,” said Geraci. “Let’s go,” he added. He previously declared on May 29 that Rex actions had taken “the end of the end of the regulations” with this approach.
Echoing Geraci’s feeling, ETF analyst James Seyffart said that the way Rex Shares structured their Solana (ground) ETF proposal was “very rare in the ETF world” because it bypassing the standard 19B-4 classification process that most ETF suppliers have used for implementation products, many of which are still making a decision.
Analysts say that dry comments were discussed
However, Friday, Geraci said: “It looks like they believe that the comments were resolved.”
“Crypto ETF Summer begins,” he added.
Balchunas cited a screenshot by e-mail to confirm that Rex actions have discussed the comments of the SEC.
“So they are good to throw, it looks like. Wow,” added Balchunas.
In an article on the same day, Rex Shares said that “the very first cryptocurrency” in the United States will soon arrive.
Playing in the Crypto FNB was eagerly awaited by the industry
He explained that his Rex-Osprey Sol and his implementation ETF are designed to follow Solana’s performances while generating a return through Onchain Staking.
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“A new era of exposure to yield generating cryptography is there,” said Rex Pares.
Employed was a long -awaited characteristic by many spectators ETF in industry.
On March 20, the manager of digital assets of BlackRock, Robbie Mitchnick, described the FNB of the ether of the company as a “huge success” but recognized that the ETF is “less perfect” without puncturing.
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